AMERICAN BITCOIN CORP-A (ABTC) Stock Technical Analysis
NASDAQ:ABTC • US02462A1043
Taking everything into account, ABTC scores 0 out of 10 in our technical rating. ABTC scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- When comparing the yearly performance of all stocks, ABTC is a bad performer in the overall market: 100% of all stocks are doing better.
- ABTC is part of the Software industry. There are 274 other stocks in this industry, of which 91% are performing better than ABTC.
- In the last month ABTC has a been trading in the 0.93 - 1.60 range, which is quite wide. It is currently trading near the lows of this range.
- ABTC has an average volume of 12681600 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The technical rating of ABTC is bad and it also does not present a quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
1.04
We found 1 important resistance area.
- A resistance zone ranging from 1.06 to 1.06. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | DOWN | NEGATIVE | The long term trend for ABTC is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for ABTC is down. |
| ChartMill Relative Strength | 0 | NEGATIVE | ABTC has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of ABTC is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of ABTC is below a declining SMA(50). |
| Relative Strength Index/RSI (14) | 30.23 | NEUTRAL | The RSI value for ABTC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests ABTC has a positive trend. |
| Stochastics (14,3) | 19.85 | OVERSOLD | The low Stochastics value suggests ABTC may be oversold. |
| Average True Range in percent/ATR (20) | 8.73 | HIGH VOLATILITY | The high ATR as a percentage value for ABTC suggests high volalility. |
| Average Directional Index/ADX (14) | 51.03 | POSITIVE | The high ADX value value for ABTC suggests a strong trend. |
1.05
+0.03 (+2.94%)
AMERICAN BITCOIN CORP-A / ABTC FAQ
Can you provide the ChartMill technical rating for AMERICAN BITCOIN CORP-A?
ChartMill assigns a technical rating of 0 / 10 to ABTC.
What is the trend direction for ABTC stock?
The current trend direction for AMERICAN BITCOIN CORP-A (ABTC) is Bearish.
Can you provide the RSI signal for AMERICAN BITCOIN CORP-A?
AMERICAN BITCOIN CORP-A (ABTC) has an RSI value of 30.2281. This indicates that the stock is currently neutral.
What is the MACD signal for AMERICAN BITCOIN CORP-A (ABTC) stock?
The MACD indicator for AMERICAN BITCOIN CORP-A (ABTC) has a value of 0.0146169, indicating a bearish trend.
What is the support and resistance level for ABTC stock?
AMERICAN BITCOIN CORP-A (ABTC) has a resistance level at 1.06. Check the full technical report for our detailed analysis of ABTC support and resistance levels.